Posts Tagged ‘United States Senate Committee on Finance’

Finance Committee to discuss why and implications of high exchange rate of USD in Iraq with CBI governor

Posted: May 10, 2013 in Iraqi Dinar/Politics
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Finance parliamentary add Governor of the Central Bank to discuss the implications of the high exchange rate

Center Brief for the Iraqi Media Network (IMN) – adds the parliamentary Finance Committee, next Sunday governor of the Central Bank and the Agency to discuss the implications of the high exchange rate and stand on its causes.

Committee member said Amin Hadi, Thursday, ‘s (IMN) “The Finance Committee will add the Governor of the Central Bank and the Agency Abdul Basit Turki, next Sunday, to find out the reasons for the high rate compared to the previous months which saw stable.” (more…)

MP Faizullah: E-banking through Internet will be easy for citizens

Posted: May 6, 2013 in Iraqi Dinar/Politics
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06-05-2013 11:33 AM

Baghdad (newsletter). Deputy Chairman of the Finance Committee suggested that a Deputy from the Kurdistan blocs Coalition/Ahmed Faizullah, electronic banking project to add new technology to the Iraqi banking system to facilitate banking transactions for citizens. (more…)

Member of the parliamentary Finance: creation of a development bank shareholder would serve the country’s economic sectors

Posted: May 5, 2013 in Iraqi Dinar/Politics
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05-05-2013 10:41 AM

Baghdad (newsletter). Member of the Finance Committee suggested MP/iraqiya Hassan Salman Al-Bayati, a Development Bank established a joint contribution from the public and private sectors to be able to provide financial support for the economic sectors in the country.

He said Al-Bayati (News Agency): that Iraq needed to establish a Development Bank joint webadarh contributor of the public and private sectors to provide financial loans for vital economic sectors for the purpose of training and advancement. (more…)

Congress: the customs tariff law has become a victim crosses the legislative and executive branches

Posted: May 5, 2013 in Iraqi Dinar/Politics
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See members of the House of Representatives that intersections and political differences between the parliament and the Iraqi government and the meetings of the House of Representatives incomplete quorum recently led to disable a lot of the most important economic laws customs tariff law. Says a member of the Finance Committee from the Kurdistan Alliance MP Najiba Najib: that the customs tariff law has become a victim of political differences and intersections, noting that the lack of quorum in Parliament recently led to disable it. (more…)

Finance Committee Member appeals to GOI and CBI saying, Changing the currency and delete the zeros alone will eliminate fraud

Posted: May 4, 2013 in Iraqi Dinar/Politics
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Saturday, May 4, 2013 09:15

Member of the Committee appealed, on Saturday, to the Iraqi government and management of the Central Bank of the need to implement the project to delete the zeros and the current currency exchange described by Balkadima and removable fraud.

A member of the Committee MP Abdul-Hussein al-Yasiri in a statement to / Baghdadi news / that “Iraq needs a new clean and currency forgery of proof that ancient coins consumed after circulating for a long time during which he became easy to forgery and counterfeiting, as is happening now.” (more…)

Finance Committee proposes suggestions on the application of customs within the country

Posted: May 4, 2013 in Iraqi Dinar/Politics
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Date posted 03/05/2013 06:12 PM

The Finance Committee member suggested Deputy National Secretary of the Alliance, General Customs authority procedures on imported goods within provinces and cities to prevent delay entry of goods and their accumulation in border ports.

Hadi said in a press statement: “the Customs General Authority procedures not applicable at all border crossing points, particularly in Kurdistan, this is unfair to some importers subject to procedures and delayed entry of goods and other northern ports passed without complications”. (more…)

Finance Committee Member: CBI demands to take steps to diversify the basket of foreign currencies; Not rely solely on USD

Posted: April 29, 2013 in Iraqi Dinar/Politics
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Baghdad / Baghdadi news / .. A member of the Finance Committee Shoresh MP Mustafa Rasool, on Monday, the central bank demands to take bold steps to diversify the basket of currencies and not rely solely on the dollar, as it has large reserves of hard currency to avoid the impact of oscillation winning price of the dollar in global markets. ” (more…)

Divergence of views on the project to delete the zeros; Banker: any disregard for the challenges of the project will fail and cause big losses

Posted: April 29, 2013 in Iraqi Dinar/Politics
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29/04/2013 12:53 AM

central problems and the fluctuation of currency exchange rates and efforts to raise the value of the Iraqi dinar stand again placed the deletion of zeros from the Iraqi dinar and characterized by differing views around between the Finance Committee representative on the one hand and the Central Bank on the other, the former demanding the implementation of the project in the second calls for lingered despite the fact that the previous administration have been enthusiastic for this project. (more…)

Financial Committee Member: low price of the dollar in international currency will affect the national economy

Posted: April 28, 2013 in Iraqi Dinar/Politics
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28-04-2013 11:31 AM

Baghdad (newsletter). Member of the Finance Committee, called on Deputy//Secretary Hadi Abbas, the need to diversify Central Bank currency basket to avoid global crises and changes in the US dollar on world markets.

He said Abbas (News Agency): the low exchange rate of the US dollar as the Japanese yen and other international currencies will affect the national economy, being directly linked with the dollar, that Iraqi crude is sold in USD. (more…)

Bank restructuring by the IMF will help support banking sector in Iraq

Posted: April 20, 2013 in Iraqi Dinar/Politics
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Baghdad (newsletter).Member of the Finance Committee, said MP//abdolhossein Al-yasiri, the Rafidain Bank restructuring plan and rational by International Monetary Fund includes four main paragraphs will help to support and develop the country’s banking sector.

He said Al-yasiri (News Agency): the restructuring plan of Government banks and put in good (2007), which formed a Committee headed by the Governor of the Central Bank and Finance Minister and head of the Office of financial supervision, in cooperation with the International Monetary Fund. (more…)

Committee members differ on dropping zeros from IQD; Khalil notes by dropping zeros, IQD will be equal to USD

Posted: April 18, 2013 in Iraqi Dinar/Politics
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Screen Shot 2012-09-23 at 9.42.59 AMEconomic Parliamentary: Delete the three zeroes from the currency will not see the light after the dismissal of Shabibi
WEDNESDAY, 17 APRIL / MAY 2013 16:50

ruled out the decision of the Economic Committee in the House of Representatives Mahma Khalil, Wednesday, that is to delete the three zeroes from the currency of Iraq over the next year, returned to the changes, which affected the CBI may prevent the process of restructuring the national currency, as well as having a previous request to the government to wait In the beginning the currency exchange procedures. (more…)

Editorial: What does it mean to delete Iraq 3 zeros from the Iraqi dinar?

Posted: April 17, 2013 in Iraqi Dinar/Politics
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17/04/2013 |
A. D. Mohamed Ibrahim El Saka
announced the Finance Committee in the Iraqi Parliament that the central bank will begin in the current year by deleting three zeros from the local currency, in other words, that the unit of currency category thousand dinars from the old currency will be replaced dinar and only one of the new currency, and so on.

step oldest by Iraq intended to reform the system of local currency which is based on the use of currency denominations are too high, which leads to difficulties in dealing in special accounts transactions, as well as higher prices resulting from the use of monetary units of categories of high, which leads to decline in the exchange rate of the currency and declining purchasing power of the dinar significantly. (more…)

MP Faizullah: Continuing problems with the CBI can affect the stability of the Iraqi dinar exchange rate

Posted: April 17, 2013 in Iraqi Dinar/Politics
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17-04-2013 11:30 AM

Baghdad (newsletter). The Deputy Chairman of the Finance Committee MP/Kurdistan blocs Coalition/Ahmed Hassan Faizullah, continuing problems within the Central Bank and accusations on his work because it will affect the stability of the Iraqi dinar exchange rate.

He said Faizullah (News Agency): the Central Bank is a large financial institution job maintaining currency stability and the monitoring of financial and banking transactions, target will reduce international banks before, lose confidence, and thus will affect the stability of the Iraqi dinar. (more…)

Secretary Hadi says discussing the timing of dropping zeros is premature, but says committee has discussed the project; Project needs concerted effort and cooperation from entire GOI

Posted: April 17, 2013 in Iraqi Dinar/Politics
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Screen Shot 2013-02-16 at 12.22.47 PMAPRIL 16, 2013
Parliament for financial (time): draft structure of the currency is premature

The parliamentary Finance Committee confirmed not to discuss the draft restructuring of the currency and reduce the incidence of fraud in house sessions usually topic is premature.

The Committee said the Attorney Secretary Hadi (time) on (the draft restructuring of the currency issue is premature and has not been discussed in the meetings of the Council but there is a process or project to delete the zeros and it is discussed during the Committee meeting, the Governor of the Central Bank to limit discussion of the sales dollar at auction). (more…)

Finance Committee Member: Development of retail payment system via “mobile phone” will facilitate financial transactions in the country

Posted: April 12, 2013 in Iraqi Dinar/Politics
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Baghdad (newsletter). Member of the Finance Committee, MP//Secretary Hadi, the importance of the development of banking and financial systems in the country for its contribution in promoting investment and the economy forward.

He said Hadi (News Agency): directed the CBI to develop retail payment system through the use of a ‘ mobile ‘ will facilitate trading and banking transactions, saying it is of modern technological systems of most countries of the world. (more…)

Finance Committee contracts with international firm to audit DFI accounts

Posted: April 10, 2013 in Iraqi Dinar/Politics
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Parliamentary Finance contracts with international experts to audit the accounts (DFI)
The time on Wednesday, April 10 / April 2013 11:11 | |

Began the parliamentary Finance Committee, Wednesday, Bograet contracting with international financial experts for the purpose of auditing financial Iraq Fund ( DFI ) after 2003 until the exit of U.S. troops from Iraq. (more…)

Customs Authority: We apologize for the (non) application of the customs tariff law; Delayed due to technical and administrative reasons

Posted: April 9, 2013 in Iraqi Dinar/Politics
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09/04/2013

BAGHDAD / JD / .. Iraqi Customs Authority apologized for the application of the customs tariff law at the moment and to technical and administrative reasons.

A statement issued by the House of Representatives received / JD / copy of it: that the Finance Committee held a meeting chaired by MP Haydar Abbadi presence Munther Abdul Amir Director General of the Customs Authority to discuss the latest developments that have taken place about the possibility of implementation of the Tariff Act. (more…)

Finance Committee Member requests Banking Act to quickly reach parliament for approval

Posted: April 9, 2013 in Iraqi Dinar/Politics
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A call to State Consultative Council to send the Banking Act to the parliament for approval.
09/04/2013 09:19:00

A member of the parliamentary Finance Committee, Najiba Najib called the (Shora Council) to speed sending the new banking law in order to pass it in the House of Representatives.

MP, of the Kurdistan Alliance said in a statement to the National Iraqi News Agency / NINA / that the new law of the banks and the CBI supports the independence of the bank and devotes separate administration for the capital of all government and private banks, noting that the law will also allow the banks to direct investment and to engage in other commercial activities after that was forbidden. (more…)

Member: financial representative intends to host the CBI Governor to discuss failures in the dinar exchange rate

Posted: April 8, 2013 in Iraqi Dinar/Politics
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Baghdad (newsletter). Member of the Finance Committee disclosed the Attorney//Secretary Hadi Abbas, the intention of the Committee to host the temporary Central Bank staff for their discussion on financial and monetary matters in the country and how to improve them.

He said Abbas (News Agency): the next few days will be hosting the Central Bank Governor and some of his aides in the House and the Finance Committee for discussion about akhavakat dinar exchange rate against the dollar, and how to develop the financial and banking sector in the country. (more…)

Financial Committee Chairman: Iraq must abide by the recommendations of the IMF regarding country’s monetary policy

Posted: April 4, 2013 in Iraqi Dinar/Politics
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04-04-2013 12:37 PM

Baghdad (newsletter). Deputy Chairman of the Finance Committee MP/Kurdistan blocs Coalition/Faizullah, the importance of adhering to the recommended by the International Monetary Fund for support and development of the country’s monetary policy. (more…)

Finance Committee Member: Allocation of 2013 budget to begin in April

Posted: March 24, 2013 in Iraqi Dinar/Politics
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Parliamentary Finance: Exchange public budget allocations beginning next April
Date: Sunday 03/24/2013 06:47 pm

A member of the Finance Committee MP Amin Hadi Abbas, the date of exchange public budget allocations to the provinces and provincial ministries in the beginning of April next, likely to witness this year economic growth of some sectors. (more…)

Yasiri calls on the Iraqi government to hold talks with their Egyptian counterparts to repay its debts

Posted: March 21, 2013 in Iraqi Dinar/Politics
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Published in: 11:07, March 21, 2013

BAGHDAD (Iba) .. Called a member of the Finance Committee MP Abdul-Hussein al-Yasiri, the federal government to conduct talks fast with the Egyptian side to resolve the debt owed by Iraq under the previous regime. (more…)

Member of the Finance Committee: the Central Bank because of the underdevelopment of the banking sector

Posted: March 20, 2013 in Iraqi Dinar/Politics
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20-03-2013 11:02 AM

Baghdad (newsletter). Download the Finance Committee member of iraqiya MP Hassan Al-aozmn Al-Bayati, the Central Bank is responsible for the failure of the domestic banking sector developments in global banks, lack of seriousness in the legislation for banks. (more…)

Parliamentary Finance: the importance of the formation of a supreme body to regulate and control the work of the country’s banks

Posted: March 12, 2013 in Iraqi Dinar/Politics
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a member of the Finance Committee suggested MP Hassan Auzmn Bayati, the establishment of an independent supreme body shall organize and control the work of local banks two branches of public and private, to support and develop their work.

Bayati said in a press statement that “The Central Bank of Iraq bears the burden of a large work by maintaining the stability of the national currency and sell foreign currency in the auction and the control of the local market, as well as the regulation and control of the banking sector. (more…)

Parliamentary Finance: We do not know anything about dollar smuggling to Iran

Posted: March 12, 2013 in Iraqi Dinar/Politics
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The time on Tuesday, March 12 / March 2013 09:19 | |

Baghdad / Orr News

Said Dler Abdul Qader, a member of the Finance Committee in Parliament that “the Finance Committee in the House of Representatives to have an ad hoc committee to follow up exchange rates, and everything related to the subject of foreign currency at the Central Bank

, But unfortunately, since the formation of this committee have not received a single report in this regard, and did not hear a single sentence on the tasks assigned to it, “noting that” the problems that were experienced by the central bank, and the situation that led to reached by Bank Governor Sinan al-Shabibi is itself is still ongoing and we suspect that the Iraqi funds be today in good hands, and we after approving the budget, we will diligently to follow up the case of high prices in the currency, because it is an issue involving the daily economic life of all the people. ” (more…)

Specialists suggest financial corruption threatens the country’s economy

Posted: March 10, 2013 in Iraqi Dinar/Politics
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Experts said in the economic The proportion of financial corruption was behind the low level of the economy in the country, noting that financial corruption is not limited to bribes and embezzlement, but that the choice of the person is not appropriate is also face aspects of corruption. (more…)

Report reveals the involvement of Parliament and politicians in the financial corruption of the CBI

Posted: March 2, 2013 in Iraqi Dinar/Politics
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02-03-2013

The Sri report revealed by the Office of financial supervision of the involvement of Parliament and politicians in financial corruption at the Central Bank, a parliamentary investigative Committee stressed on the issue that the Court of Auditors provided the impartiality and Justice report which reveals the actors involved in the sale and purchase of the dollar in the Central Bank auction. (more…)

Ahmed Faizullah: the need to draw on the expertise of international banks to support the banking sector

Posted: March 1, 2013 in Iraqi Dinar/Politics
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28-02-2013

Deputy Chairman of the Finance Committee of the Kurdistan blocs Coalition MP Ahmad Faizullah, the Central Bank talks with international banks to operate in Iraq as it would facilitate the process of foreign currency transfers and develop the banking sector.

He said Faizullah (News Agency): global banks have sophisticated banking experience upon entering the Iraqi banking sector will support the environment through the use of technological expertise, in addition to those banks also benefit from Iraq which have mutual interests. (more…)

Finance Committee Vice Chair praises CBI for working with international banks; Helps facilitate banking transactions and foreign currency transfers

Posted: February 28, 2013 in Iraqi Dinar/Politics
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Thursday, February 28, 2013
Parliamentary Finance: the need to take advantage of the expertise of international banks to support the banking sector

Praised Vice-Chairman of the Finance Committee MP Ahmed Faizullah, Bembagesat central bank with international banks to work in Iraq because it will facilitate the process of foreign currency remittances and develop the banking sector. (more…)

Finance Committee Member: Iraq must start dealing in IQD; Support investment operations, business, and confidence in foreign dealings

Posted: February 25, 2013 in Iraqi Dinar/Politics
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Screen Shot 2012-11-27 at 11.49.09 AMFinance Committee: You must deal in Iraqi dinars in investment and business processes to support

Date: Monday 02/25/2013 07:34 pm

According to a member of the Finance Committee, MP Hassan Auzmn Bayati, the importance of dealing in national currency dinar in investment operations and business support and strengthen confidence in foreign dealings.

(more…)

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